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What the company operating profit was

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Reference no: EM132903118

Santan Company manufactures and sells a single product. Planned and actual production in its first year of operation was 100,000 units. Planned and actual costs for the year were as follows:

                         Manufacturing             Non-manufacturing

Variable              P600,000                  P500,000

Fixed                    P400,000                 P300,000

Problem 1: The company sold 85,000 units of product at a selling price of P30 per unit. Using variable costing, the company's operating profit was

Select one:

a. P750,000
b. P915,000
c. P975,000
d. P840,000

Reference no: EM132903118

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